Ethereum Price Rises 2%, Experts Say Buy This Token For 100X

Ethereum Price Prediction: Analyst Says ETH About To Go “Absolutely Vertical,” But Investors Buy This Trading Bot Token For 100X Potential

BySteven Walgenbach

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Updated: 09 July 2025

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The Ethereum price jumped 2% in the last 24 hours to trade at $2,604.01 as of 11:23 p.m. EST as investors slowly up their exposure to the altcoin.

That increase in the ETH price might be the beginning of a parabolic move, according to renowned trader and analyst Michael van de Poppe. In a July 8 X post to his more than 794.8K followers, he said that Ethereum is “so ready to go absolutely vertical.”

$ETH is so ready to go absolutely vertical.

— Michaël van de Poppe (@CryptoMichNL) July 8, 2025

Ethereum Price Might Drop Soon As Bearish Pattern Emerges

Daily chart for WETH/USD (Source: GeckoTerminal)

A rising wedge pattern has formed on the daily chart for the Ethereum price, data from GeckoTerminal shows. This is generally considered a bearish pattern, and warns of an upcoming reversal of ETH’s recent uptrend.

If the pattern is validated, the Ethereum price could fall below the recently-breached level at $2,560.52. Dropping below this technical safety net might then result in a plunge to as low as $2,176.81 in the short term if the bearish pressure persists.

However, ETH could still rise above the upper boundary of the rising wedge pattern to prevent the correction from taking place. If this happens, the Ethereum price might clear the room needed to climb to $2,888.08.

Technicals Suggest The Ethereum Price Could Go Either Way

From a technical point of view, indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), suggest the Ethereum price could go either way in the next 24 hours.

The MACD line is currently positioned bullishly above the MACD Signal line. However, the stagnant MACD Histogram values warn the positive momentum may have stalled. This could lead to a bearish crossover between the MACD and MACD Signal lines if sellers step in.

Meanwhile, the RSI has oscillated between the neutral 50 level and 60 mark in the past few days. This suggests that the market is indecisive about what ETH will do next.

While traders wait to see what the Ethereum price will do next, investors are buying into the presale for Snorter Token (SNORT). According to analyst and YouTuber Jacob Crypto Bury, who has over 57K subscribers, SNORT has the potential to soar 100X after its launch.

Snorter Token Turns Telegram Into A Personalized Trading Dashboard

Over the years, whales have dominated the crypto trading scene. These large investors and traders share their next moves in secretive groups, and often execute trades at the expense of smaller retail traders. Snorter Token, which introduces a fast and cost-effective trading bot, aims to flip the script and empower smaller traders to take on the crypto giants.

With the Snorter Bot, users can perform sub-second swaps, snipe new tokens as soon as they emerge, copy other top traders, and monitor their portfolios in real-time. What’s more, the bot lets users do this all from the popular messaging app, Telegram. So, no browser-based tools or additional apps need to be downloaded.

Trading new tokens is often risky, but Snorter Bot’s advanced rug pull and honeypot scam detection, which has had an 85% success rate so far, ensures traders’ funds are protected.

All of that functionality also comes with competitive execution costs. By simply holding SNORT, users slash their fees from 1.5% to 0.85%. This undercuts all other Telegram trading bots in the market.

Investors Bet Big On Snorter Token’s Future

Snorter Token has raised more than $1.6 million in presale so far, signaling strong investors confidence in the project’s future. With the bullish predictions by experts like Jacob Crypto Bury, the bot’s ease of use, and the project’s low fees, it’s easy to see why investors are rushing to buy in at this early stage.

Selling for $0.0975, SNORT can be purchased through the easy-to-use widget embedded on the project’s website. Available payment options include both crypto and bank cards.

Once purchased, the tokens can also be staked for a 220% APY being offered to presale buyers.

Interested investors that want to secure the best presale deal will want to hurry. SNORT’s price will increase as the presale progresses, with the next price hike less than 7 hours away.

Visit the official Snorter Token website.